• Service: Audit, Accounting Advisory Services, International Financial Reporting Standards (IFRS)
  • Industry: Energy & Natural Resources, Oil & Gas
  • Type: Business and industry issue
  • Date: 28/09/2011

Impact of IFRS: Oil and Gas 

Accounting for oil and gas activities presents many difficulties. Significant upfront investment, uncertainty over prospects and long project lives have led to a variety of approaches being developed by companies, and a range of country-specific guidance for the sector. As countries around the world adopt IFRS, accounting approaches for affected companies may need to be reassessed
Impact of IFRS: Oil and Gas cover
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This publication provides assistance to companies in the oil and gas sector who are considering converting to IFRS.


It gives an overview of the IFRS conversion process and looks at the impact of conversion on IT systems, people and business processes.


Oil & Gas

KPMG offers a range of services with access to global resources to address issues faced by the oil and gas industry.

International Financial Reporting Standards

KPMG helps organisations adopt IFRS, providing practical support to smooth the transition.
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